3,078
edits
Changes
→Characteristics of System 1
* sometimes substitutes an easier question for a difficult one (heuristics)
* is more sensitive to changes than to states (prospect theory)1
* overweights low probabilities .
* shows diminishing sensitivity to quantity (psychophysics)1
* responds more strongly to losses than to gains (loss aversion)1
* frames decision problems narrowly, in isolation from one another.
* Compare rather then give real values. Usualy compare to the first observd value (Anchor effect).
* Give more wight to theoris that were repeated more times or is represented more clearly.
==Effects==